The global concealed weapon detection systems market size is expected to grow from USD 706.7 Million in 2023 to USD 2,281.2 Million by 2033. Demand for concealed weapon detection systems is anticipated to rise at a CAGR of 12.4% from 2023 to 2033.
Report Attributes | Details |
---|---|
Concealed Weapon Detection Systems Market Size (2023) | USD 706.7 Million |
Sales Forecast (2033) | USD 2,281.2 Million |
Global Market Growth Rate (2023 to 2033) | 12.4% |
Share of Top 5 Industry Players | 47% |
Concealed weapon detection systems are implemented in various places in order to identify if any individual is carrying any weapon with themselves. The implementation becomes important when any region has seen a boost in crimes, infrastructure or population. Concealed weapon detection system demand accounted for 8% share of the global security screening market in 2022. Future Market Insights studied the market dynamic of concealed weapon detection system. Growing infrastructure in regions like South Asia and Pacific makes this region an important customer for concealed weapon detection systems. Security is also something which several government offices and certain public places will implement especially if the system can help detect threats much better, making certain places a larger consumer for security systems.
Market Statistics | Details |
---|---|
Jan - Jun (H1), 2021 (A) | 6.9% |
Jul - Dec (H2), 2021 (A) | 7.1% |
Jan - Jun (H1),2022 Projected (P) | 7.2% |
Jan - Jun (H1),2022 Outlook (O) | 7.3% |
Jul - Dec (H2), 2022 Outlook (O) | 7.6% |
Jul - Dec (H2), 2022 Projected (P) | 7.4% |
Jan - Jun (H1), 2023 Projected (P) | 7.8% |
BPS Change : H1,2022 (O) - H1,2022 (P) | (+)10 |
BPS Change : H1,2021 (O) - H1,2021 (A) | (+)40 |
BPS Change: H2, 2022 (O) - H2, 2022 (P) | (+)20 |
BPS Change: H2, 2021 (O) - H2, 2022 (A) | (+)50 |
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Rising Threats of Terrorist Attacks Driving Demand for Concealed Weapon Detection Systems
The global concealed weapon detection systems market expanded at a CAGR of 10.3% from 2018 to 2022.
Security screening and concealed weapon detection solutions allow the detection of hidden threats and contraband without any physical interaction between security personnel and the public. Rising terrorism threats necessitate the tightening of security at public places. As such, there has been a rise in demand for concealed weapon detection systems.
Effective security screening & weapon detection at high footfall places such as courthouses, airports, museums, and prisons demand the use of high-efficiency sensing technologies. This demand for efficient security screening and weapon detection is driving companies to develop and integrate high-speed sensors into their security screening solutions.
Technology developers are offering concealed weapon detection solutions integrated with three-dimensional holographic millimeter-wave imaging capabilities. This technology is finding common applications in the inspection and diagnosis of concealed metal objects in venues like high-security white-collar prisons.
Rising demand for concealed weapon detection systems by the automotive sector coupled with increasing safety regulations levied by the regulatory bodies for enhanced safety measures is anticipated to be the major demand driver for concealed weapon detection equipment.
Concealed weapon detection system demand is predicted to increase at a CAGR of 12.4% from 2023 to 2033.
Integration of Innovative Technologies to Ensure Detection & Recognition Accuracy
Integration of technologies such as deep learning, high-definition videography, and sensing equipment will boost demand for concealed weapon detection devices over the forecast period.
Manufacturers and software developers are integrating innovative technologies to complement futuristic use cases of concealed weapon detection products. Contraband detection solutions have always been in huge demand. This trend is likely to continue throughout the forecast period.
Rapid Deployment of Concealed Weapon Detection Technologies to Avoid Security Breaches
Currently, the USA market anticipates the largest adoption of concealed weapon detection systems in North America and is estimated to rise at a CAGR of 10.1% during the forecast period. The USA concealed weapon detection systems market is expected to reach 1.7X by 2033.
Gun violence is a public health epidemic in the USA it's not unusual for people to have a gun. Almost every adult can own or carry one. Shootings in schools and houses of worship tend to occupy focus, attacks in offices, retail establishments, and restaurants are more prevalent; detection is needed in all of these spaces.
Hence, there has been a rise in demand for concealed weapon detection technologies.
Rising Adoption of Efficient Inbuilt Security Systems to Spur Market Revenue
The market in China is set to register exponential demand growth for concealed weapon detection systems in the East Asia region with a CAGR of 9.7% from 2023 to 2033. The market is anticipated to create an absolute dollar opportunity of USD 89.8 Million from 2023 to 2033.
IoT enables the connection of multiple devices, such as cell phones, home appliances, etc., to the internet, and advancements in technology are creating new options to integrate security infrastructure with IoT.
The major benefit of incorporating security features with IoT is to ensure safety and security by enabling authorized access using real-time data, which assists in the overall security management and monitoring.
With the emergence of IoT, demand for efficient inbuilt security systems is increasing. These devices are required to be equipped with concealed threat detection solutions to enhance accessibility.
Rising Initiatives for Advanced Security System Development Fueling Market Expansion
The market in India is set to register significant growth in the South Asia & Pacific concealed weapon detection systems industry after Oceania, and the market size is expected to reach 1.8X by 2033. The market is anticipated to create an absolute dollar opportunity of USD 16.3 Million from 2023 to 2033.
Rising investments in enhancing security systems, the growing prevalence of terror attacks, and the rising demand for advanced security systems are driving the market growth. The market in South Asia & Pacific is estimated to record an absolute opportunity worth USD 63.1 Million during the forecast period.
Countries | BPS Change (H2'22 (O) - H2'22 (P)) |
---|---|
USA | (+)26 |
United Kingdom | (+)25 |
Canada | (+)17 |
India | (+)23 |
China | (-)13 |
For H2’22(O)-H2’22(P) the BPS change in US was of (+)26 units because of the reopening of the economy after the pandemic. Similar situation is existing for Canada, but being less populated, the BPS change for Canada was (+)17 units.
Growth in travel and immigration in UK resulted in a BPS change of (+)25 units for the concealed weapon detection systems market. India witnessed a BPS change of (+)23 units for the concealed weapon detection systems market due to the growth in urbanization and public infrastructure. China witnessed a decline of (-)13 BPS units for the concealed weapon detection systems market because of reduction in manufacturing in this country over the year.
Terahertz Body Scanners Gaining Traction Due to Accurate Detection of Concealed Contraband & Weapons
Demand for terahertz body scanners is expected to rise at a CAGR of 12.3% from 2023 to 2033.
The growth of the segment can be attributed to the frequent use of body scanners airports and other transit hubs use only these scanners since frequent and prolonged exposure to x-ray scanners can cause cancer and other illnesses due to radiation exposure.
Mobile Concealed Weapon Detection Systems Most Preferred Owing to Ease of Use
Mobile concealed weapon detection systems accounted for 59% share of the global concealed weapon detection systems market in 2022.
Growth of the segment can be credited to the growing need for portable weapon detection systems. This provides ease of use to the security screening personnel.
Precarious Public Safety to Boost Uptake of Concealed Weapon Detection Systems in Transportation Infrastructure
Transportation infrastructure accounted for 35% market share in the global concealed weapon detection systems market in 2022. End users operating in the transportation infrastructure industry have proved to be the major contributors to the growth of the global security screening and concealed weapon detection market.
These end users will continue to adopt concealed weapon detection technologies throughout the forecast period primarily to ensure public safety.
Public concerns, such as school shootings, rioting and local rebellions, are likely to motivate end-users operating in public infrastructures like banks, shopping malls and educational institutes, to procure concealed weapon detection technologies.
This will enable market players to enhance revenue generation, which will consequently boost the growth of the global concealed weapon detection market during the forecast period.
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Concealed weapon detection system providers are focusing on increasing their production capacity to meet the growing demand from commercial customers. To facilitate innovation, concealed weapon detection and security screening market players are forming partnerships and collaborations with other sensing hardware and software experts in the market.
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Attribute | Details |
---|---|
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in USD Million, Volume in Units |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Cambodia, Germany, United Kingdom, France, Spain, Russia, China, India, ASEAN Oceania, China, Japan, South Korea, GCC Countries, Northern Africa, South Africa, Israel, and Turkey |
Key Market Segments Covered | Product, Type, Application, Region |
Key companies profiled | Smiths Detection Group Ltd.; Leidos; Rapiscan Systems; QinetiQ; MC2 Technologies; TeraSense Group; Rohde & Schwarz; Liberty Defense (Client); Nuctech Company Limited; Passive Security Scan, Inc.; Braun & Co. Limited; Evolv Technologies Holdings, Inc.; Patriot One Technologies Inc.; C.E.I.A. S.p.A.; Thruvision; Apstec Systems |
Report coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
Customization & pricing | Available upon request |
The rising adoption of efficient inbuilt security systems spurs market revenue.
Integration of innovative technologies drives sales.
The United States expands at a CAGR of 10.1% from 2023 to 2033.
Growing security system initiatives to propel market growth.
China is likely to expand at a CAGR of 9.7% from 2023 to 2033.
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